7c-ranch

Despite Yesterday's Rally, We're Still In Trouble

I have rarely in the last 30 years seen a scenario where lenders had the opportunity to get into trouble that they avoided. That said, US equities are severely underowned; while yield producing funds are still highly sought after. This could end badly for fixed income investors and tangentially affect US equities; but to suggest that US equities are expensive or investors are irrationally exhuberant is wrong.